Futures were up the other day aswell (strongly up), and all lithium stocks had a brief rally for 1 day. This was followed by a continued decline the following day
I wouldn't trust the futures market alone (especially if it's just a one day rally, because chances are the next day it'll be down again)
Spot price is still in a downtrend and has been going down daily for quite some time:
https://www.metal.com/Lithium
Id want to see the spot price bottoming out / decline to stop, before becoming optimistic.
An increase in the spot price would be super bullish to signal a turn in sentiment. Unfortunately I don't see this happening anytime soon. I continue to monitor the space
This applies to all lithium stocks and not just LTR specifically
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Last
$1.01 |
Change
0.015(1.52%) |
Mkt cap ! $2.437B | |||
| Open | High | Low | Value | Volume |
| 97.0¢ | $1.04 | 96.5¢ | $12.25M | 12.21M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 250234 | $1.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.01 | 51730 | 1 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| LTR (ASX) Chart |